Eastman Chemical (NYSE:EMN – Get Free Report) was upgraded by analysis analysts at StockNews.com from a “maintain” ranking to a “purchase” ranking in a report launched on Thursday.
Different equities analysis analysts have additionally just lately issued reviews concerning the firm. Mizuho lifted their worth goal on Eastman Chemical from $107.00 to $113.00 and gave the inventory a “impartial” ranking in a analysis observe on Friday, November 1st. Deutsche Financial institution Aktiengesellschaft lowered their worth goal on shares of Eastman Chemical from $115.00 to $110.00 and set a “maintain” ranking on the inventory in a analysis observe on Monday, November 4th. Wells Fargo & Firm lowered their goal worth on Eastman Chemical from $118.00 to $110.00 and set an “equal weight” ranking on the inventory in a report on Monday, November 4th. Royal Financial institution of Canada dropped their goal worth on shares of Eastman Chemical from $107.00 to $105.00 and set a “sector carry out” ranking on the inventory in a report on Wednesday, November sixth. Lastly, Piper Sandler reaffirmed a “impartial” ranking and issued a $105.00 goal worth on shares of Eastman Chemical in a analysis observe on Tuesday, July thirtieth. Eight equities analysis analysts have rated the inventory with a maintain ranking and 7 have given a purchase ranking to the corporate. Based mostly on knowledge from MarketBeat.com, Eastman Chemical has a consensus ranking of “Maintain” and a mean goal worth of $111.50.
Examine Out Our Newest Analysis Report on EMN
Eastman Chemical Inventory Efficiency
Shares of NYSE:EMN opened at $101.60 on Thursday. The corporate has a debt-to-equity ratio of 0.80, a fast ratio of 0.78 and a present ratio of 1.52. The agency has a market cap of $11.78 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. Eastman Chemical has a twelve month low of $80.14 and a twelve month excessive of $114.50. The enterprise has a fifty day shifting common of $106.07 and a 200-day shifting common of $101.33.
Eastman Chemical (NYSE:EMN – Get Free Report) final issued its earnings outcomes on Thursday, October thirty first. The essential supplies firm reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.12. Eastman Chemical had a internet margin of 9.47% and a return on fairness of 15.37%. The corporate had income of $2.46 billion for the quarter, in comparison with analyst estimates of $2.38 billion. Throughout the identical quarter final 12 months, the agency earned $1.47 EPS. The corporate’s income for the quarter was up 8.7% on a year-over-year foundation. On common, equities analysis analysts predict that Eastman Chemical will submit 7.63 EPS for the present fiscal 12 months.
Insider Shopping for and Promoting
In associated information, SVP Christopher Moore Killian offered 3,061 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, November sixth. The inventory was offered at a mean worth of $105.00, for a complete transaction of $321,405.00. Following the transaction, the senior vice chairman now straight owns 12,366 shares of the corporate’s inventory, valued at roughly $1,298,430. The commerce was a 19.84 % lower of their place. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which will be accessed by the SEC web site. 1.93% of the inventory is owned by company insiders.
Hedge Funds Weigh In On Eastman Chemical
A number of institutional buyers and hedge funds have just lately modified their holdings of EMN. Bessemer Group Inc. elevated its place in Eastman Chemical by 321.2% through the 1st quarter. Bessemer Group Inc. now owns 16,250 shares of the fundamental supplies firm’s inventory price $1,628,000 after shopping for a further 12,392 shares through the interval. Empowered Funds LLC purchased a brand new place in shares of Eastman Chemical through the first quarter price roughly $594,000. Dakota Wealth Administration boosted its stake in shares of Eastman Chemical by 13.5% within the second quarter. Dakota Wealth Administration now owns 22,280 shares of the fundamental supplies firm’s inventory valued at $2,183,000 after shopping for a further 2,655 shares through the interval. Cetera Advisors LLC raised its holdings in Eastman Chemical by 119.7% within the 1st quarter. Cetera Advisors LLC now owns 10,088 shares of the fundamental supplies firm’s inventory valued at $1,011,000 after buying a further 5,496 shares within the final quarter. Lastly, Comerica Financial institution elevated its place in shares of Eastman Chemical by 18.5% within the first quarter. Comerica Financial institution now owns 39,306 shares of the fundamental supplies firm’s inventory price $3,939,000 after buying a further 6,126 shares through the interval. 83.65% of the inventory is at present owned by institutional buyers and hedge funds.
About Eastman Chemical
Eastman Chemical Firm operates as a specialty supplies firm in the US, China, and internationally. The corporate’s Components & Purposeful Merchandise phase gives amine derivative-based constructing blocks, intermediates for surfactants, metam-based soil fumigants, and natural acid-based options; specialty coalescent and solvents, paint components, and specialty polymers; and warmth switch and aviation fluids.
Featured Tales
Obtain Information & Scores for Eastman Chemical Every day – Enter your e mail tackle under to obtain a concise every day abstract of the most recent information and analysts’ scores for Eastman Chemical and associated firms with MarketBeat.com’s FREE every day e mail e-newsletter.
